Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Bank of Africa Mali

Market Cap: XOF 130.4b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

First Northern Community Bancorp

Market Cap: US$232.2m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Central Forest Group

Market Cap: JP¥22.7b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Affinity Bancshares

Market Cap: US$119.5m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

NameSilo Technologies

Market Cap: US$124.2m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Procimmo Group

Market Cap: CHF 378.4m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Nigerian Aviation Handling

Market Cap: ₦319.5b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Guardian Capital Group

Market Cap: CA$1.6b

Through its subsidiaries, primarily engages in the provision of investment services in Canada, the United States, the United Kingdom, and internationally.

FRoSTA

Market Cap: €648.6m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Wasko

Market Cap: zł683.9m

Designs, implements, and integrats software, information systems, and advanced industrial automation.

Master Drilling Group

Market Cap: R2.5b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Lion Capital

Market Cap: RON 2.3b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

Seneca Foods

Market Cap: US$980.2m

Provides packaged fruits and vegetables in the United States and internationally.

Pasifik Eurasia Lojistik Dis Ticaret

Market Cap: ₺81.6b

Pasifik Eurasia Lojistik Dis Ticaret A.S.

Telekom Networks Malawi

Market Cap: MK 356.5b

Provides telecommunication services to enterprises and individual customers in Malawi.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

Quest Holdings

Market Cap: €690.5m

Engages in the distribution of information technology and telecommunications products in Greece, Romania, Cyprus, Luxembourg, Belgium, Spain, and Italy.

Akmerkez Gayrimenkul Yatirim Ortakligi

Market Cap: ₺8.3b

Akmerkez Gayrimenkul Yatirim Ortakligi A.S.

GROUPE SFPI

Market Cap: €150.3m

Designs, manufactures, and markets equipment for the safety industry in Europe and internationally.

First Bancorp

Market Cap: US$309.9m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Halk Gayrimenkul Yatirim Ortakligi

Market Cap: ₺20.7b

Operates as a subsidiary of Turkiye Halk Bankasi A.S.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 650.2b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺17.6b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

Sound Financial Bancorp

Market Cap: US$105.5m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Mendelson Infrastructures & Industries

Market Cap: ₪607.8m

Engages in the supply of conduction and flow products in Israel.

Cyprus Cement

Market Cap: €176.9m

Engages in the production and sale of cement and related businesses in Cyprus.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft48.1b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Vivo Energy Mauritius

Market Cap: MU₨13.1b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Acsion

Market Cap: R4.6b

Engages in property holding and development activities in South Africa and internationally.

Envirotainer

Market Cap: €398.1m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 104.3b

Processes heavy bitumen crude in Africa.

Cashmere Valley Bank

Market Cap: US$253.3m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Purple Group

Market Cap: R2.9b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Inversiones Doalca SOCIMI

Market Cap: €156.6m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.